Cement News tagged: International
Inquiry against cement-makers shelved, Pakistan
The Ministry of Industries and Production has shelved an inquiry against cement manufacturers with the argument that prevalent cement prices are justified,
Ground breaking ceremony, Kenya
The Kenyan economy has, in the past five years, registered impressive growth. This has translated into surging consumer demand and, inevitably, demand-push inflation.
Saudi Tabuk Cement net profit at US$31.8m in 1H08
Saudi cement producer Tabuk Cement Company (TCC) registered a slight decline in its net profit to SAR119.4m (US$31.8m) in the first half of 2008 from SAR120.1m (US$32m) in the same period last year.
Sichuan cement ex-factory prices rise 38.3%
The average ex-factory price of cement in Sichuan province was CNY 432 per ton in the first half of August, up 0.93 per cent than the second half of July and up 38.3 per cent than the same period of l
Phosagro AG to invest US$40.7m modernisation, Russia
Phosagro AG, the managing company of the Phosagro group, plans to invest between RUR600mn (US$24.4m) and RUR1bn
Indian cement prices set to fall 15-20%
Indian cement manufacturers, which are facing cost pressures and government intervention on pricing front, may face more trouble as cement prices are set to decline 15-20% by fiscal 2009-10, analysts
Holcim Vietnam set to double capacity with new plant
The Peoples Committee of the Mekong Delta province of Kien Giang has licensed Holcim Vietnam Ltd. to build its second clinker production line at the Hon Chong cement plant.
Saudi Dana Holding to invest US$395m in cement firm
Saudi privatley-owned Dana Holding will invest SAR1.48bn (US$395m) to establish a cement company in Al-Baha, southwestern Saudi Arabia, Al-Watan daily reported on August 27, 2008.
Cement production up by 5.1% YoY in January-July
Production of cement in Cyprus rose by 5.1 per cent over the year-earlier period to 1.16Mt in the first seven months of 2008, from 1.1Mt in January-July 2007.
Holcim raises stake in Serbia unit
Holcim has raised its stake in its Serbian unit, Holcim Serbia, by 7.08 per cent to 99.4 per cent for CSD749m (US$12m), according to local press reports.
Cemex handing plants to Chavez, Venezuela
Cemex has agreed to hand over control of its Venezuelan subsidiary to a board appointed by the country’s government, opening the door to price talks, Venezuelan Vice-President Ramon Carrizales s
Cimpor ahead in spite of lower Iberian numbers
Cimpor raised its first half turnover by 8.3% to EUR1,011.6m, with almost half of the increase, or EUR36.1m, coming from the initial consolidation of the operations in China and India.
Mini cement units to hike prices in Gujarat
Soaring input costs have forced mini cement units in Gujarat, India to initiate price hikes despite sluggish demand due to monsoon.
Cement shortage delays many projects, Qatar
Cement continues to be in short supply, a senior official at the Qatar Chamber of Commerce and Industry (QCCI) says he is completely in the dark about the reasons behind the shortage.
Government, Cemex resume negotiations
The Venezuelan government and Cemex resumed negotiations on August 25 regarding the compensation the firm will receive for the nationalisation of subsidiary Cemex Venezuela’s assets
Vietnam: Binh Phuoc begins plant work
The southern province of Binh Phuoc has started work on the An Phu cement plant, with a total investment of VND4.6 trillion (US$278.8m).